DXdao Diving into DXdao, 12 Jan 2021

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From YouTube: Sistemas de Gobernanza basados en reputación por Chris Powers de DXdao

Description

El pasado 16 de Octubre DystopiaLabs celebró el Summit #Liquidity2020 del cual #Crypto_Plaza fue partner, y hemos hecho un acuerdo para traducir algunas de las ponencias a castellano, esta es una de las iniciativas que traemos para poder acercar más a los proyectos internacionales a la comunidad habla hispana. Os invitamos a formar parte de la comunidad de Crypto Plaza donde tenemos sesiones con estos proyectos, inmersiones en #DeFi, networking con los CEOs y proyectos más relevantes del sector Crypto, la DAO donde buscamos oportunidades de inversión y otras iniciativas para aportar más valor al ecosistema.

Forma Parte:
http://cryptoplaza.es/forma-parte-de-crypto-plaza/

En esta charla Chris Powers habla sobre los sistemas de gobernanza basados en reputación. Comienza revisando los sistemas actuales de gobernanzas, los gobiernos, las empresas o los movimientos sociales y en que se basan.

En ese sentido la tesis de DXDao es que los mejores sistemas de gobernanza en blockchain serán aquellos que mejor representen la gobernanza informal de los movimientos sociales pero en la red, mas que aquellos que representen los modelos de gobernanza corporativos o de gobiernos.

Los modelos de gobernanza mas justos y eficientes serán aquellos que representen modelos basados en reputación.

Síguenos en:
https://dystopialabs.com/
https://twitter.com/dystopialabs
https://medium.com/dystopia-labs

http://cryptoplaza.es/
https://twitter.com/cryptoplaza_es
https://www.instagram.com/cryptoplazamadrid/
https://www.linkedin.com/company/cryptoplazamadrid
https://t.me/icoinversiones

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And contributed there ex joe today I'm going to talk about reputation based governance systems, but before I start I would like to really see what influenced them to block change governance systems. There are three areas: one of them. There are two representative democracies, corporate governance, corporate governance and social movements.

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Then representative democracies are perhaps the ones we know best, that is, one person one vote, and here the elected people take power from the people. Corporate governance is when shareholders vote Depending on their participation,, and then there are social movements,.

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We may not see this as a governance system,, but there is a certain connection in informal decision-making and they represent a type of system, for example, human rights movements or movements for climate change. So the interesting thing here is to see where the power comes from, where the power originates from that ends up in each of these systems. In representative democracies, power comes from the people.

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The elected politicians have this power that emanates from them: the people, the corporate government, that power comes from the shareholders and is based on the capital,, that is to say, that the shareholders have a power determined by their actions by their participation and then I think that the social movements are the most interesting, because there is no power structure. There is nothing that becomes an action that.

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Provokes this action, but they do have a lot of power, and this is my argument because they are motivated by reputation,, that is to say that nobody.

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Has elected, for example, march martin luther king was the leader of a social movement.

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Actions were coordinated, directed.

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Above all, for his own reputation, because when he said things, people believed him and acted accordingly and over time it was a foundation for social movements and that's the interesting thing about social movements. That's how they use a system of reputation, and it is what will allow me to explain. This theory is the thesis of my presentation.

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The best forms of blog governance same will be those that manifest the informal government of social movements in an online system instead of recreating block change versions of corporate governments or state governments,, that is to say that fair systems of fair and efficient governance will use a governance model based on reputation, that is,.

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Now, what we have left to explain is that governance is based on reputation,. Let's see a little more de xto for this uses a reputation system based on reputation on the tauss tag, network platform.

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Reputation is not a token, it is not transferable and can be burned.

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This makes it very difficult to buy or sell.

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The community can burn this challenge is very associated. Using change stocks to gain reputation network is an unchain manifestation of reputation in the real world. It is generated by break holders that what they do is release a part of their own power.

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There are many developments in governance in balance in recent years and financial applications in action.

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And perhaps the most famous of governance with chain is, since it was launched as a venture capital fund managed online and that it was very groundbreaking because it presented many ideas and I have managed a central bank with chen.

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In which The interest rates are set.

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It is voted to set those interest rates every week, CTA mode or it is also another one that is also based on the financing in the funds for public goods.

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For and allows members to leave the community with that function defy.

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Allows members to leave that community if they make that decision and then now with is the infrastructure for internet communities around the world and recently in 2020, defy, has grown so much. That I have also started to innovate, governance structures by For example,. They bought that launched in June the Kong token.

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That allows and an administrative control of the protocol.

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In such a way that it can be possible to.

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Add assets and change interest rates and then Wi-Fi.

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Is quite pioneering in that they have an organic governance, community.

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Shares was still wondering how to manage themselves in game blogs, but wifi created a governance system distributing the token putting the touch in the hands of ifai enthusiasts in the world, and this is how it was created. So all these developments say well, they have in common. Well, they all use capital based governance and voting power is determined by the amount of capital times the volume of capital. So the problems with stump based voting is that.

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Governance can be bought and sold.

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Can be controlled and control governance and can all be changed.

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Control governance, power by extinguishing or with glass loans. There are always factors that need to be built on top of the governance system, because there are tokens that can be bought and sold, and then voter bot apathy, Also,.

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Perhaps speculators and investors are not so interested in governance and they do not buy the token to be good rulers, but simply to speculate or invest in the long term,. But what is interesting for them is the short-term price that is coming from there. many governance issues that include short term price action.

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These are one of the issues of decentralization.

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Why and it's an impediment to decentralization because, anytime, you have the governance system that is connected to a financial value. People go to cling more to this financial value than to governance itself, and we are going to distance ourselves a bit from the blog environment and I am going to return to what the internet is at the beginning and how the reputation systems worked and how they moved. Us,. For example, ebay was a pioneer in reputation, systems for buyers and sellers.

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There were online auctions.

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But I did not create trust systems so that buyers, a buyer in Texas, could trust a seller who was in china, facebook, for example, to differentiate themselves from other social platforms. What media did was.

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Offer reputation systems.

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I take advantage of these real world reputation systems.

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And focused on real world identities, but well I saw these are very clear examples of how drivers try to optimize their ratings to get more business.

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And this leveraging reputation.

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Is what built this system.

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With bnb it's the same thing: they are reputation systems and they inspire trust in larger communities and then in open source communities. They use a bit of a loose governance on github.

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But these communities are also examples out of six topics that are built on reputation. Many times you have a leader who gave us exhausted or anything, but the community has decided to follow this leader.

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Most of the blog chains also use governance based on reputation.

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Of course, pit coin referred has.

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Have governance, although it seems that they do not have governance.

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And girls also do not have governance with chen; they have governance of change.

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In which there is a lot of coordination that has to happen, but they go through reputation, systems.

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And each of these systems, their developments were very similar to social movements. No one no,, no one voted,. It.

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Is their legitimacy,? It is the reputation.

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That they have been building in the past as leaders or pioneers,, but since they do not want to use coaching,, they use reputation systems and there are many transparency problems in all this.

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Because, although there is a system that is not scalable and it is difficult to be transparent, so the advantages of reputation based governance is before him. Plutocratic.

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Token, based votto will never be and governed by abundance.

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But the allocation of these tokens and votes is proportional to the size of capital to capital that has volume.

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Someone who has a lot of activity a lot of capital is going to get much more than someone who has little capital, and also these systems also allow for long term.

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Reflection in the long term, when you have people who are not so connected to the price of the token, is more interested and has more tendency to build the foundations of this ecosystem, and then there is the part that what is diluted enriches the governance capabilities. This is my favorite part, because.

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In crypto there is an aversion to inflation.

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It is based on the idea of scarcity and for reputation systems. The system gets stronger as reputation expands.

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Why are you electing the rulers.

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And you are also inflating and diluting reputation.

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This I think is very important in the long run.

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For decentralization in the long run.

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Finally, coordination around something other than profit around other values, directed by other values. Many of the structures we see now in the candle there is nothing to coordinate on other than price.

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There is no way to and coordinate with the others to get consensus.

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So I think governance is going to explore these areas. Of course, there are downsides to reputation based governance, for example the bureaucratic norm. I think everyone knows what bureaucracy is, and it's basically that people that works on the governance system. Governance deserves.

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And find ways to be able to control that system.

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And maybe there are no incentives for them.

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And the bureaucrats, because they don't have a game plan or incentives to really be closer to the users.

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And then there is also the The fact that those who have that reputation, control who gets that reputation is kind of. What's going on in the US right now,, not that where the political movement itself controls the reputation and controls who gets that reputation,.

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The social movement is trying to get more voters. because it's the way to win on the political board.

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So here we can see something like that very similar.

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These are some of the disadvantages of reputation based governance.

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After being in action reputation, governance was launched in 2019 in collaboration with those tag and nosis.

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11 37 million webs that were distributed to 40 new to 36.

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22,000 daughters, who managed a treasury of 11.4 million dollars.

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There were a million redd that were issued.

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And four new ones, sometimes.

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Like this that in 16 months, there is an inflation rate of 37%, and this is expanding in the governance base of Dexter.

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The governance base is the one that controls and extra or there is no financial value.

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And at first this did not have much to do with. There was many ideas, but they could not be executed. So a financing round was opened.

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And the token y xxi was launched.

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In which I know, 22,000 yf were raised,.

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Which was equivalent to a management of 11.4 million dollars.

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The table protocol.

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What is a decentralized protocol.

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200 products that I forgot to put in this presentation- some emails- that is, the payment solution of george o.

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And then I exist: what is a fork that allows governance?

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So let's talk now about this.

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In terms of its positioning in chifa governance, laws.

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Financial infrastructure is a public service and needs a governance structure that is not directed by capital.

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But this perspective is important.

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We have had different governance models in the past, for services, for electricity or for water, but it's important to see it as a form of a cloud of a new financial infrastructure and how it's capital based.

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And more firms having access to them, so this is all from my side.